Under the current version's regulations (which began October 28, 2017 with the first drawing October 31) for Mega Millions, the minimum Mega Millions advertised jackpot is $40 million, paid in 30 graduated yearly installments, increasing 5 percent each year (unless the cash option is chosen; see below for differences by lotteries on cash/annuity choice regulations.) The jackpot increases when there is no top-prize winner (see below for information on how the Mega Millions jackpot is funded.) As of December 13, 2017, there has yet to be a jackpot winner under the current Mega Millions format, including wagers for the newly created Just the Jackpot option.
These changes were made to increase the frequency of nine-figure jackpots; a Powerball spokesperson believed a $500 million jackpot was feasible (it became a reality within the year,) and that the 1st $1 billion jackpot in US history would occur by 2012 Less than three months after the Powerball changes, Mega Millions' jackpot reached $656,000,000 despite remaining a $1-per-play game. The random Power Play multiplier was retired for a set, fixed dollar amount payout. The $25 million rollover "cap" (creating larger 5+0 prizes) was eliminated.
Some lotteries sell Powerball® tickets over the Internet, but the service is only available to residents of that jurisdiction. The sale of Powerball tickets over the Internet or by mail across jurisdictional borders is restricted. Lotteries may refuse to pay out prize money on Powerball tickets purchased on any website other than their own. Please contact your lottery with any further questions.
On Jan 31, 2010, the date of the cross-sell expansion, Mega Millions and MUSL each added lotteries; eight Powerball members added Mega Millions by May. The Montana Lottery joined Mega Millions on March 1. Nebraska added Mega Millions on March 20; Oregon followed on March 28; Arizona joined Mega Millions on April 18; Maine added Mega Millions on May 9; Colorado and South Dakota joined Mega Millions on May 16. The U.S. Virgin Islands joined Mega Millions in Oct 2010.
Bob Bolduc, founder of Pride Station & Stores, where the prize was actually purchased, said the multimillion-dollar winning ticket was sold at about 2:30 p.m. Wednesday. He said that in the past year the convenience store chain has sold a handful of winning tickets worth $1 million or more, and he suspects that will “resonate with a lot of lottery buyers.”
The other option is to buy single tickets and play alone. Pick your own numbers, play your own tickets and if you win, you win it all! In this scenario, it is advisable to buy lottery tickets online at least 24 hours before the draw will take place. The reason behind this is because in the single ticket scenario, you want to leave enough time for the agents to go to their local store, purchase your ticket, scan your ticket and upload your ticket into your account. If you purchase your Powerball tickets online at the last minute, some online lottery ticket providers will process your payment and if they can’t buy a ticket in time for the draw you wanted, your ticket will be purchased for the following draw. Bear in mind that the nature of a global online lottery with agents scattered around the world is that everyone is working on different time zones. To be sure that your ticket is purchased for the lottery draw you want, ensure that you don’t buy your lottery tickets online at the last minute. This is something that all online lottery players should be aware of as jackpots and odds can change from draw to draw. You need to know that if you are buying Powerball tickets online, which draw your tickets will be entered into.
Some retailers that sit on state lines often offer both state lotteries with state boundaries clearly marked, since such sales still have to occur in the physical state it is offered. One retailer located along U.S. Route 62that is largely in Sharon, Pennsylvania but has a small portion lying inMasury, Ohio sells both the Ohio Lottery and the Pennsylvania Lotteryat one location. The first modern US joint-state lottery game was formed in 1985 inMaine, New Hampshire, and Vermont. In 1988, the Multi-State Lottery Association (MUSL) was formed with Iowa, Kansas, Missouri, Oregon,Rhode Island, West Virginia, and the District of Columbia as its charter members; it is best known for Powerball, which was designed to create large jackpots. Another joint lottery, The Big Game (now called Mega Millions), was formed in 1996 by six other lotteries as its charter members.
Before the agreement, the only places that sold both Mega Millions and Powerball tickets were retailers straddling a border; one retailer on the Sharon, Pennsylvania/Masury, Ohio border sold both Mega Millions (via the Ohio Lottery) and Powerball (Pennsylvania) before the agreement and continued to be the only retailer to sell tickets for both lotteries.
Powerball numbers are drawn from two sets of numbers, so the odds of winning a prize are calculated by combining the odds for both sets of numbers for all prize levels. The odds for matching just the Powerball are calculated by combining the odds of selecting the Powerball and the odds of not selecting any of the five numbers from the first set of numbers drawn.
A Powerball jackpot winner may choose to receive their prize in 30 payments over 29 years or a lump-sum payment. The cash value option, in general, is the amount of money required to be in the jackpot prize pool, on the day of the drawing, to fund the estimated jackpot annuity prize. The advertised jackpot annuity and cash value are estimates until ticket sales are final, and for the annuity, until the Multi-State Lottery Association takes bids on the purchase of securities.
The US Powerball is a standard lottery draw game based and operated from the golden State of California. The US Powerball has been making millionaires and multi-millionaires since its first drawing way back in 1992. With over 25 years of experience in the lottery industry, the Powerball, along with many other State lotteries, has broken through the final glass ceiling and transformed itself from an interstate lottery into a truly international lottery of global reach.